Brokerages Set Gildan Activewear, Inc. (NYSE:GIL) PT at $79.77

Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) has received an average recommendation of “Moderate Buy” from the sixteen ratings firms that are presently covering the company, Marketbeat reports. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $79.7692.

A number of brokerages have recently commented on GIL. National Bank Financial upped their price target on Gildan Activewear from $92.00 to $97.00 and gave the company an “outperform” rating in a research note on Monday, February 2nd. Royal Bank Of Canada lowered their price target on Gildan Activewear from $79.00 to $78.00 and set an “outperform” rating for the company in a research note on Monday, March 2nd. Zacks Research raised Gildan Activewear from a “strong sell” rating to a “hold” rating in a research note on Friday, May 1st. Weiss Ratings cut Gildan Activewear from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 18th. Finally, Stifel Nicolaus increased their target price on Gildan Activewear from $75.00 to $80.00 and gave the stock a “buy” rating in a research note on Monday, February 23rd.

Institutional Trading of Gildan Activewear

Large investors have recently bought and sold shares of the business. Islay Capital Management LLC bought a new stake in Gildan Activewear during the 4th quarter worth approximately $25,000. Webster Bank N. A. bought a new stake in Gildan Activewear during the 4th quarter worth approximately $25,000. Larson Financial Group LLC increased its stake in Gildan Activewear by 3,516.7% during the 4th quarter. Larson Financial Group LLC now owns 434 shares of the textile maker’s stock worth $27,000 after purchasing an additional 422 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its stake in Gildan Activewear by 14,833.3% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 448 shares of the textile maker’s stock worth $28,000 after purchasing an additional 445 shares in the last quarter. Finally, Nisa Investment Advisors LLC bought a new stake in Gildan Activewear during the 4th quarter worth approximately $32,000. 82.83% of the stock is owned by institutional investors.

Gildan Activewear Stock Performance

Shares of GIL stock opened at $60.98 on Friday. The company has a debt-to-equity ratio of 1.32, a current ratio of 2.35 and a quick ratio of 1.17. The stock has a market cap of $11.29 billion, a PE ratio of 35.87 and a beta of 1.10. The stock has a 50-day moving average of $57.71 and a 200-day moving average of $61.40. Gildan Activewear has a one year low of $46.00 and a one year high of $73.69.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last announced its quarterly earnings results on Thursday, April 30th. The textile maker reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.07. The company had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.14 billion. Gildan Activewear had a return on equity of 21.38% and a net margin of 6.10%.Gildan Activewear’s revenue was up 63.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.59 EPS. Gildan Activewear has set its FY 2026 guidance at 4.200-4.400 EPS. As a group, sell-side analysts expect that Gildan Activewear will post 4.25 earnings per share for the current year.

Gildan Activewear Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Wednesday, May 20th will be paid a dividend of $0.249 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Wednesday, May 20th. Gildan Activewear’s dividend payout ratio is presently 58.82%.

About Gildan Activewear

Gildan Activewear Inc (NYSE:GIL) is a vertically integrated manufacturer and wholesaler of branded basic apparel, including activewear, socks, hosiery and underwear. Headquartered in Montreal, Quebec, the company produces a wide range of products such as T-shirts, fleece garments, sport shirts, performance wear, and shapewear under its Gildan, Anvil, Comfort Colors, Gold Toe, Peds and Silks brands. Leveraging its in-house knitting, dyeing, cut-and-sew and finishing operations, Gildan supplies blank apparel to screen printers, promotional product distributors and major retailers around the world.

Since its founding in 1984 by Glenn J.